Empowering students to make the right business decisions

Empowering students to make the right business decisions

Discover how an understanding of economic theory can not only help your business decisions, but also make you a better leader!

With an academic and professional career that has spanned from Basel, Switzerland to London, Peru, Malaysia and currently, Vietnam, Dr Daniel Borer brings a wealth of experience to RMIT’s Master of International Business program.

As the lecturer for Business and Economic Analysis, Dr Borer considers himself to be somewhat of a tour guide for his students, showing them answers to current global issues, while also asking questions that will challenge their ways of thinking. Thus, he notes, more than just transmitting knowledge, the role of the lecturer must be to educate people on how to think critically.

One of the ways through which Dr. Borer empowers his students is showing them how to use economic theory to help with their business decisions. “For example, the strong link between microeconomics and marketing, through both theory and understanding the dynamics help my students to approach their decisions or recommendations with confidence.” 

Alt Text is not present for this image, Taking dc:title 'news-1-rmit-vietnam-launches-new-bachelor-of-business' Dr Daniel Borer, lecturer at RMIT Vietnam

Decisions, however, must be balanced against a moral code, as Dr. Borer relates that in economics, the lecturer should teach students to have an ethical and strong lifestyle. One maxim brought up by Dr. Borer is: “do the right things and you will end up at the right place.” 

Dr. Borer believes that his role as educator is to prepare students to the point where they are able to even overtake him – to eventually be better than himself. This philosophy comes from his many years working as a leader in industry, as the National Training Director for CIMA (Peru) and as Team Director for the Pointman Leadership Institute (Malaysia).

Dr. Borer confides that “as a leader, I want to delegate to the point of becoming expendable, allowing me to move on to a different position – I share my secrets as I want people to learn how to do my job. When you are the person in charge, you must see the value of people. For me to be the leader, often means that I was more fortunate than others, not necessarily that I am a better or smarter person.” 

Whether staff or students, this leadership strategy has a similar outcome, as Dr. Borer notes that those whom you lead will be “highly motivated - they will go through thick and thin with you, and as such, your boss might take notice and promote you to a higher position.” 

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